AHR Weekly Market Update - Monday 18th November

AHR Weekly Market Update Podcast

Welcome to this week’s AHR market review for the week ending 17th November 2024.

Global equity markets retreated for the week, giving back much of the previous weeks gains, as investors digested what the incoming US presidents proposed policies might mean for the global economy.

US consumer prices rose as expected in October, driven largely by higher shelter costs such as rents. The pace of progress toward lower inflation has slowed in recent months, potentially limiting the number of interest rate cuts the Federal Reserve may implement next year.

Underlying inflation remained slightly elevated, though expectations remain for a third rate cut from the Federal Reserve in December.

The UK economy slowed more than expected in the three months to September, with GDP growth slipping to 0.1% from 0.5% in the previous quarter.

The services sector, which grew by a modest 0.1%, provided little support, while the construction sector was a rare bright spot, expanding by 0.8%.

Major US retailers wrapped up earnings season, with S&P 500 companies on track to post a 5.4% increase in third-quarter earnings compared to a year earlier.

Over the week US equities fell around 2% with US technology falling over 3%. European equities followed suit, falling over 2% as concerns of the new US President’s trade policies unsettled investors.

Perhaps the most notable performance since the US election result has been that of Bitcoin.

That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.